Nestor Partners 10-Q 13 Aug 15 2015 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - Jun. 30, 2015 - shares	Total
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,015
Entity Registrant Name	NESTOR PARTNERS
Entity Central Index Key	888,471
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	0

Statements Of Financial Conditi

Statements Of Financial Condition - USD ($)	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Investments in U.S. Treasury notes-at fair value (amortized cost $20,089,609 and $14,499,118)	$ 20,091,375	$ 14,499,918
Net unrealized appreciation on open futures and forward currency contracts	730,072	1,396,471
Due from brokers	269,588	3,100,309
Cash denominated in foreign currencies (cost $1,984,958 and $1,529,032)	1,948,880	1,413,316
Total equity in trading accounts	23,039,915	20,410,014
INVESTMENTS IN U.S. TREASURY NOTES-at fair value (amortized cost $96,600,644 and $92,253,329)	96,632,622	92,248,350
CASH AND CASH EQUIVALENTS	12,427,506	18,990,245
ACCRUED INTEREST RECEIVABLE	86,737	101,013
TOTAL	132,186,780	131,749,622
LIABILITIES:
Capital contributions received in advance	150,000	3,139,000
Net unrealized depreciation on open futures and forward currency contracts	402,500	355,846
Accrued brokerage fees	239,700	211,866
Cash denominated in foreign currencies (cost $0 and $179,983)		183,943
Accrued expenses	154,452	107,844
Capital withdrawals payable	1,122,821	1,371,319
Total liabilities	2,069,473	5,369,818
PARTNERS' CAPITAL	130,117,307	126,379,804
TOTAL	$ 132,186,780	$ 131,749,622

Statements Of Financial Condit3

Statements Of Financial Condition (Parenthetical) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Statements Of Financial Condition [Abstract]
Investments in U.S. Treasury notes, amortized cost	$ 20,089,609	$ 14,499,118
Cash denominated in foreign currencies, cost	1,984,958	1,529,032
INVESTMENTS IN U.S. TREASURY NOTES, amortized cost	96,600,644	92,253,329
Cash denominated in foreign currencies, cost	$ 0	$ 179,983

Condensed Schedule Of Investmen

Condensed Schedule Of Investments (Futures And Forward Currency Contracts) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Summary of Investment Holdings [Line Items]
Net Unrealized Appreciation/(Depreciation) as a % of Partners' Capital	0.25%	0.82%
Net Unrealized Appreciation/(Depreciation)	$ 327,572	$ 1,040,625
Futures Contracts [Member]
Summary of Investment Holdings [Line Items]
Net Unrealized Appreciation/(Depreciation) as a % of Partners' Capital	0.03%	1.08%
Net Unrealized Appreciation/(Depreciation)	$ 40,159	$ 1,362,668
Forward Currency Contracts [Member]
Summary of Investment Holdings [Line Items]
Net Unrealized Appreciation/(Depreciation) as a % of Partners' Capital	0.22%	(0.26%)
Net Unrealized Appreciation/(Depreciation)	$ 287,413	$ (322,043)
Long Contracts [Member] | Futures Contracts [Member]
Summary of Investment Holdings [Line Items]
Net Unrealized Appreciation/(Depreciation) as a % of Partners' Capital	(1.28%)	0.05%
Net Unrealized Appreciation/(Depreciation)	$ (1,668,238)	$ 60,584
Long Contracts [Member] | Energies [Member]
Summary of Investment Holdings [Line Items]
Net Unrealized Appreciation/(Depreciation) as a % of Partners' Capital	0.03%
Net Unrealized Appreciation/(Depreciation)	$ 41,680
Long Contracts [Member] | Grains [Member]
Summary of Investment Holdings [Line Items]
Net Unrealized Appreciation/(Depreciation) as a % of Partners' Capital	0.44%	(0.10%)
Net Unrealized Appreciation/(Depreciation)	$ 578,915	$ (132,128)
Long Contracts [Member] | Interest Rates [Member]
Summary of Investment Holdings [Line Items]
Net Unrealized Appreciation/(Depreciation) as a % of Partners' Capital	0.49%	0.54%
Net Unrealized Appreciation/(Depreciation)	$ 631,895	$ 685,124
Long Contracts [Member] | 2 Year U.S. Treasury Note [Member]
Summary of Investment Holdings [Line Items]
Net Unrealized Appreciation/(Depreciation) as a % of Partners' Capital	0.16%
Net Unrealized Appreciation/(Depreciation)	$ 209,750
Long Contracts [Member] | 5 Year U.S. Treasury Note [Member]
Summary of Investment Holdings [Line Items]
Net Unrealized Appreciation/(Depreciation) as a % of Partners' Capital	0.03%	0.01%
Net Unrealized Appreciation/(Depreciation)	$ 43,492	$ 17,500
Long Contracts [Member] | 30 Year U.S. Treasury Bond [Member]
Summary of Investment Holdings [Line Items]
Net Unrealized Appreciation/(Depreciation) as a % of Partners' Capital	0.00%	0.03%
Net Unrealized Appreciation/(Depreciation)	$ 5,719	$ 42,875
Long Contracts [Member] | Other [Member]
Summary of Investment Holdings [Line Items]
Net Unrealized Appreciation/(Depreciation) as a % of Partners' Capital	0.30%	0.50%
Net Unrealized Appreciation/(Depreciation)	$ 372,934	$ 624,749
Long Contracts [Member] | Livestock [Member]
Summary of Investment Holdings [Line Items]
Net Unrealized Appreciation/(Depreciation) as a % of Partners' Capital		(0.01%)
Net Unrealized Appreciation/(Depreciation)		$ (14,180)
Long Contracts [Member] | Metals [Member]
Summary of Investment Holdings [Line Items]
Net Unrealized Appreciation/(Depreciation) as a % of Partners' Capital	(0.97%)	(0.75%)
Net Unrealized Appreciation/(Depreciation)	$ (1,259,667)	$ (950,059)
Long Contracts [Member] | Softs [Member]
Summary of Investment Holdings [Line Items]
Net Unrealized Appreciation/(Depreciation) as a % of Partners' Capital	0.04%	0.00%
Net Unrealized Appreciation/(Depreciation)	$ 53,995	$ 2,730
Long Contracts [Member] | Stock Indices [Member]
Summary of Investment Holdings [Line Items]
Net Unrealized Appreciation/(Depreciation) as a % of Partners' Capital	(1.31%)	0.37%
Net Unrealized Appreciation/(Depreciation)	$ (1,715,056)	$ 469,097
Long Contracts [Member] | Forward Currency Contracts [Member]
Summary of Investment Holdings [Line Items]
Net Unrealized Appreciation/(Depreciation) as a % of Partners' Capital	(0.02%)	(0.71%)
Net Unrealized Appreciation/(Depreciation)	$ (26,093)	$ (895,510)
Short Contracts [Member] | Futures Contracts [Member]
Summary of Investment Holdings [Line Items]
Net Unrealized Appreciation/(Depreciation) as a % of Partners' Capital	1.31%	1.03%
Net Unrealized Appreciation/(Depreciation)	$ 1,708,397	$ 1,302,084
Short Contracts [Member] | Energies [Member]
Summary of Investment Holdings [Line Items]
Net Unrealized Appreciation/(Depreciation) as a % of Partners' Capital	0.00%	0.31%
Net Unrealized Appreciation/(Depreciation)	$ (2,851)	$ 392,983
Short Contracts [Member] | Grains [Member]
Summary of Investment Holdings [Line Items]
Net Unrealized Appreciation/(Depreciation) as a % of Partners' Capital	(0.28%)
Net Unrealized Appreciation/(Depreciation)	$ (357,976)
Short Contracts [Member] | Interest Rates [Member]
Summary of Investment Holdings [Line Items]
Net Unrealized Appreciation/(Depreciation) as a % of Partners' Capital	(0.02%)	(0.10%)
Net Unrealized Appreciation/(Depreciation)	$ (22,277)	$ (120,616)
Short Contracts [Member] | Livestock [Member]
Summary of Investment Holdings [Line Items]
Net Unrealized Appreciation/(Depreciation) as a % of Partners' Capital	0.06%	0.03%
Net Unrealized Appreciation/(Depreciation)	$ 73,320	$ 35,540
Short Contracts [Member] | Metals [Member]
Summary of Investment Holdings [Line Items]
Net Unrealized Appreciation/(Depreciation) as a % of Partners' Capital	1.63%	0.49%
Net Unrealized Appreciation/(Depreciation)	$ 2,121,406	$ 624,953
Short Contracts [Member] | Softs [Member]
Summary of Investment Holdings [Line Items]
Net Unrealized Appreciation/(Depreciation) as a % of Partners' Capital	0.00%	0.23%
Net Unrealized Appreciation/(Depreciation)	$ (117)	$ 285,307
Short Contracts [Member] | Stock Indices [Member]
Summary of Investment Holdings [Line Items]
Net Unrealized Appreciation/(Depreciation) as a % of Partners' Capital	(0.08%)	0.07%
Net Unrealized Appreciation/(Depreciation)	$ (103,108)	$ 83,917
Short Contracts [Member] | Forward Currency Contracts [Member]
Summary of Investment Holdings [Line Items]
Net Unrealized Appreciation/(Depreciation) as a % of Partners' Capital	0.24%	0.45%
Net Unrealized Appreciation/(Depreciation)	$ 313,506	$ 573,467

Condensed Schedule Of Investme5

Condensed Schedule Of Investments (Futures And Forward Currency Contracts) (Parenthetical) - Long Contracts [Member] - contract	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
2 Year U.S. Treasury Note [Member]
Summary of Investment Holdings [Line Items]
Investment Term	2 years
Contracts	(590)
Investment settlement date	Sep. 1, 2015
5 Year U.S. Treasury Note [Member]
Summary of Investment Holdings [Line Items]
Investment Term	5 years	5 years
Contracts	381	415
Investment settlement date	Sep. 1, 2015	Mar. 1, 2015
30 Year U.S. Treasury Bond [Member]
Summary of Investment Holdings [Line Items]
Investment Term	30 years	30 years
Contracts	6	34
Investment settlement date	Sep. 1, 2015	Mar. 1, 2015

Condensed Schedule Of Investme6

Condensed Schedule Of Investments (U.S. Treasury Notes) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Summary of Investment Holdings [Line Items]
Fair Value as a % of Partners' Capital	0.25%	0.82%
U.S. Treasury Notes, 0.375%, 03/15/2015 Member]
Summary of Investment Holdings [Line Items]
Face Amount		$ 34,890,000
Fair Value as a % of Partners' Capital		27.63%
Fair Value		$ 34,915,213
U.S. Treasury Notes, 0.250%, 05/15/2015 [Member]
Summary of Investment Holdings [Line Items]
Face Amount		$ 10,040,000
Fair Value as a % of Partners' Capital		7.95%
Fair Value		$ 10,047,452
U.S. Treasury Notes, 0.250%, 07/15/2015 [Member]
Summary of Investment Holdings [Line Items]
Face Amount	$ 30,970,000	$ 30,970,000
Fair Value as a % of Partners' Capital	23.80%	24.52%
Fair Value	$ 30,972,420	$ 30,991,776
U.S. Treasury Notes, 0.250%, 09/15/2015 [Member]
Summary of Investment Holdings [Line Items]
Face Amount	$ 30,780,000	$ 30,780,000
Fair Value as a % of Partners' Capital	23.67%	24.37%
Fair Value	$ 30,795,029	$ 30,793,827
U.S. Treasury Notes, 0.375%, 04/30/2016 [Member]
Summary of Investment Holdings [Line Items]
Face Amount	$ 34,890,000
Fair Value as a % of Partners' Capital	26.84%
Fair Value	$ 34,922,028
U.S. Treasury Notes, 0.250% 05/15/2016 [Member]
Summary of Investment Holdings [Line Items]
Face Amount	$ 20,040,000
Fair Value as a % of Partners' Capital	15.40%
Fair Value	$ 20,034,520
U.S. Treasury Notes [Member]
Summary of Investment Holdings [Line Items]
Fair Value as a % of Partners' Capital	89.71%	84.47%
Fair Value	$ 116,723,997	$ 106,748,268

Condensed Schedule Of Investme7

Condensed Schedule Of Investments (U.S. Treasury Notes) (Parenthetical) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
U.S. Treasury Notes, 0.375%, 03/15/2015 Member]
Summary of Investment Holdings [Line Items]
Investment Interest Rate		0.375%
Investment Maturity Date		Mar. 15, 2015
U.S. Treasury Notes, 0.250%, 05/15/2015 [Member]
Summary of Investment Holdings [Line Items]
Investment Interest Rate		0.25%
Investment Maturity Date		May 15, 2015
U.S. Treasury Notes, 0.250%, 07/15/2015 [Member]
Summary of Investment Holdings [Line Items]
Investment Interest Rate	0.25%	0.25%
Investment Maturity Date	Jul. 15, 2015	Jul. 15, 2015
U.S. Treasury Notes, 0.250%, 09/15/2015 [Member]
Summary of Investment Holdings [Line Items]
Investment Interest Rate	0.25%	0.25%
Investment Maturity Date	Sep. 15, 2015	Sep. 15, 2015
U.S. Treasury Notes, 0.375%, 04/30/2016 [Member]
Summary of Investment Holdings [Line Items]
Investment Interest Rate	0.375%
Investment Maturity Date	Apr. 30, 2016
U.S. Treasury Notes, 0.250% 05/15/2016 [Member]
Summary of Investment Holdings [Line Items]
Investment Interest Rate	0.25%
Investment Maturity Date	May 15, 2016
U.S. Treasury Notes [Member]
Summary of Investment Holdings [Line Items]
Amortized Cost of U.S. Treasury Notes	$ 116,690,253	$ 106,752,447

Statements Of Operations

Statements Of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
INVESTMENT INCOME:
Interest income	$ 58,284	$ 33,479	$ 95,245	$ 66,845
EXPENSES:
Brokerage fees	789,278	696,531	1,564,441	1,406,586
Administrative expenses	84,287	75,580	169,392	148,664
Custody fees and other expenses	7,219	9,471	13,594	17,024
Total expenses	880,784	781,582	1,747,427	1,572,274
NET INVESTMENT LOSS	(822,500)	(748,103)	(1,652,182)	(1,505,429)
Net realized gains (losses) on closed positions:
Futures and forward currency contracts	(7,522,245)	8,834,975	588,087	12,996,187
Foreign exchange translation	(54,000)	16,148	(180,034)	(17,951)
Net change in unrealized:
Futures and forward currency contracts	(2,383,884)	1,948,923	(713,053)	677,323
Foreign exchange translation	(10,054)	(4,278)	83,598	(2,548)
Net gains from U.S. Treasury notes:
Realized				169
Net change in unrealized	9,343	5,028	37,923	5,300
Total net realized and unrealized gains (losses)	(9,960,840)	10,800,796	(183,479)	13,658,480
NET INCOME (LOSS)	(10,783,340)	10,052,693	(1,835,661)	12,153,051
LESS PROFIT SHARE TO GENERAL PARTNER	(574,949)	33,702	4,203	35,531
NET INCOME (LOSS) AFTER PROFIT SHARE TO GENERAL PARTNER	$ (10,208,391)	$ 10,018,991	$ (1,839,864)	$ 12,117,520

Statements Of Changes In Partne

Statements Of Changes In Partners' Capital - USD ($)	Limited Partners [Member]	Special Limited Partners [Member]	New Profit Memo Account [Member]	General Partner [Member]	Total
PARTNERS' CAPITAL at Dec. 31, 2013	$ 61,875,986	$ 53,263,359		$ 2,216,299	$ 117,355,644
Contributions	656,000				656,000
Withdrawals	(7,603,054)	(885,401)			(8,488,455)
Net income (loss)	5,751,718	6,136,852		264,481	12,153,051
General Partner's allocation:
New Profit-Accrued	(35,531)				(35,531)
PARTNERS' CAPITAL at Jun. 30, 2014	60,645,119	58,514,810		2,480,780	121,640,709
PARTNERS' CAPITAL at Dec. 31, 2014	63,032,169	60,881,449		2,466,186	126,379,804
Contributions	10,215,000		$ 4,203		10,219,203
Withdrawals	(1,128,558)	(3,513,278)			(4,641,836)
Net income (loss)	(1,649,420)	(178,361)	$ (225)	(7,655)	(1,835,661)
General Partner's allocation:
New Profit-Accrued	(2,137)	(2,066)			(4,203)
PARTNERS' CAPITAL at Jun. 30, 2015	$ 70,467,054	$ 57,187,744	$ 3,978	$ 2,458,531	$ 130,117,307

Statements Of Financial Highlig

Statements Of Financial Highlights	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Limited Partners [Member]
Ratios to average capital:
Net investment loss	(3.84%)	(3.88%)	(3.85%)	(3.93%)
Total expenses	4.01%	3.99%	3.99%	4.04%
Profit share allocation	(0.77%)	0.06%	0.00%	0.06%
Total expenses and profit share allocation	3.24%	4.05%	3.99%	4.10%
Total return before profit share allocation	(8.00%)	8.45%	(2.06%)	10.07%
Less: profit share allocation	(0.77%)	0.06%	0.00%	0.06%
Total return after profit share allocation	(7.23%)	8.39%	(2.06%)	10.01%
Special Limited Partners [Member]
Ratios to average capital:
Net investment loss	(0.83%)	(1.06%)	(0.89%)	(1.10%)
Total expenses	1.00%	1.17%	1.03%	1.21%
Profit share allocation	(0.02%)	0.00%	0.00%	0.00%
Total expenses and profit share allocation	0.98%	1.17%	1.03%	1.21%
Total return before profit share allocation	(7.21%)	9.21%	(0.58%)	11.64%
Less: profit share allocation	(0.02%)	0.00%	0.00%	0.00%
Total return after profit share allocation	(7.19%)	9.21%	(0.58%)	11.64%

Basis Of Presentation And Summa

Basis Of Presentation And Summary Of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract]
Basis Of Presentation And Summary Of Significant Accounting Policies	NOTES TO FINANCIAL STATEMENTS (UNAUDITED) 1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying unaudited financial statements, in the opinion of management, include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of Nestor Partners’ (the “Partnership”) financial condition at June 30, 2015 and December 31, 2014 (unaudited) and the results of its operations for the three and six months ended June 30, 2015 and 2014 (unaudited). These financial statements present the results of interim periods and do not include all disclosures normally provided in annual financial statements. It is suggested that these financial statements be read in conjunction with the audited financial statements and notes included in the Partnership's annual report on Form 10-K filed with the Securities and Exchange Commission for the year ended December 31, 2014 . The December 31, 2014 information has been derived from the audited financial statements as of December 31, 2014 . The preparation of financial statements in conformity with accounting principles generally accepted (“U.S. GAAP”) in the United States of America (the “U.S.”), as detailed in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“Codification”), requires management to make estimates and assumptions that affect the amounts and disclosures reported in the financial statements. Actual results could differ from these estimates. The Partnership enters into contracts that contain a variety of indemnification provisions. The Partnership’s maximum exposure under these arrangements is unknown. The Partnership does not anticipate recognizing any loss related to these arrangements. The Income Taxes topic of the Codification clarifies the accounting for uncertainty in tax positions. This requires that the Partnership recognize in its financial statements the impact of any uncertain tax positions. Based on a review of the Partnership’s open tax years , 2011 to 2014 , Millburn Ridgefield Corporation (the “ General Partner ”) has determined that no reserves for uncertain tax positions were required. There have been no material changes with respect to the Partnership's critical accounting policies, off-balance sheet arrangements or disclosure of contractual obligations as reported in the Partnership's Annual Report on Form 10-K for fiscal year 2014 .

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2015
Fair Value [Abstract]
Fair Value	2. FAIR VALUE The Fair Value Measurements and Disclosures topic of the Codification defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. The three levels of the fair value hierarchy are described below: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2: Quoted prices in markets that are not active or financial instruments for which all significant inputs are observable, either directly or indirectly; and Level 3: Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. In determining fair value, the Partnership separates its investments into two categories: cash instruments and derivative contracts. Cash Instruments – The Partnership’s cash instruments are generally classified within Level 1 of the fair value hierarchy because they are typically valued using quoted market prices. The types of instruments valued based on quoted market prices in active markets include U.S. government obligations and an investment in a quoted short-term U.S. government securities money market fund. The General Partner does not adjust the quoted price for such instruments even in situations where the Partnership holds a large position and a sale could reasonably impact the quoted price. Derivative Contracts – Derivative contracts can be exchange-traded or over-the-counter (“OTC”). Exchange-traded futures contracts are valued based on quoted closing settlement prices and typically fall within Level 1 of the fair value hierarchy. Spot currency contracts are valued based on current market prices (“Spot Price”). Forward currency contracts are valued based on pricing models that consider the Spot Price, plus the financing cost or benefit (“Forward Point”). Forward Points from the quotation service providers are generally in periods of one month, two months, three months, six months, nine months and twelve months forward while the contractual forward delivery dates for the forward currency contracts traded by the Partnership may be in between these periods. The General Partner’s policy to determine fair value for forward currency contracts involves first calculating the number of months from the date the forward currency contract is being valued to its maturity date (“Months to Maturity”), then identifying the forward currency contracts for the two forward months that are closest to the Months to Maturity (“Forward Month Contracts”). Linear interpolation is then performed between the dates of these two Forward Month Contracts to calculate the interpolated Forward Point. Model inputs can generally be verified and model selection does not involve significant management judgment. Such instruments are typically classified within Level 2 of the fair value hierarchy. Effective January 1, 2014, the Partnership adopted ASU 2013-08, “Financial Services – Investment Companies (Topic 946): Amendments to the Scope, Measurement and Disclosure Requirements.” ASU 2013-08 changes the approach to the investment company assessment, requires non-controlling ownership interests in other investment companies to be measured at fair value, and requires additional disclosures about the investment company’s status as an investment company. ASU 2013-08 is effective for interim and annual reporting periods beginning after December 15, 2013. The adoption of this ASU did not have a material impact on the Partnership’s financial statements. Based on management’s assessment, the Partnership has been deemed to be an investment company since inception. It has all of the fundamental characteristics of an investment company. Although the Partnership does not possess all of the typical characteristics of an investment company, its activities are consistent with those of an investment company. During the three and six months ended June 30, 2015 and 2014 , there were no transfers of assets or liabilities between Level 1 and Level 2. The following tables represent the Partnership’s investments by hierarchical level as of June 30, 2015 and December 31, 2014 in valuing the Partnership’s investments at fair value. At June 30, 2015 and December 31, 2014 , the Partnership held no assets or liabilities in Level 3. Financial assets at fair value as of June 30, 2015 Level 1 Level 2 Total U.S. Treasury Notes (1) $ $ - $ Short-Term Money Market Fund* - Exchange-Traded Futures Contracts Energies - Grains - Interest rates - Livestock - Metals - Softs - Stock indices - Total exchange-traded futures contracts - Over-the-Counter Forward Currency Contracts - Total futures and forward currency contracts (2) Total financial assets at fair value $ $ $ Per line item in Statements of Financial Condition (1) Investments in U.S. Treasury notes held in equity trading accounts as collateral $ Investments in U.S. Treasury notes held in custody Total investments in U.S. Treasury notes $ (2) Net unrealized appreciation on open futures and forward currency contracts $ Net unrealized depreciation on open futures and forward currency contracts Total unrealized appreciation on open futures and forward currency contracts $ *The short-term money market fund is included in Cash and Cash Equivalents on the Statements of Financial Condition. Financial assets and liabilities at fair value as of December 31, 2014 Level 1 Level 2 Total U.S. Treasury Notes (1) $ $ - $ Short-Term Money Market Fund* - Exchange-Traded Futures Contracts Energies - Grains - Interest rates - Livestock - Metals - Softs - Stock indices - Total exchange-traded futures contracts - Over-the-Counter Forward Currency Contracts - Total futures and forward currency contracts (2) Total financial assets at fair value $ $ $ Per line item in Statements of Financial Condition (1) Investments in U.S. Treasury notes held in equity trading accounts (as collateral) $ Investments in U.S. Treasury notes Total investments in U.S. Treasury notes $ (2) Net unrealized appreciation on open futures and forward currency contracts $ Net unrealized depreciation on open futures and forward currency contracts Total unrealized appreciation on open futures and forward currency contracts $ *The short-term money market fund is included in Cash and Cash Equivalents on the Statements of Financial Condition.

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jun. 30, 2015
Derivative Instruments [Abstract]
Derivative Instruments	3. DERIVATIVE INSTRUMENTS The Derivatives and Hedging topic of the Codification requires qualitative disclosure about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Partnership’s market risk is influenced by a wide variety of factors, including the level and volatility of interest rates, exchange rates, equity price levels, the market value of financial instruments and contracts, the diversification effects among the Partnership’s open positions, and the liquidity of the markets in which it trades. The Partnership engages in the speculative trading of futures and forward contracts on currencies, energies, grains, interest rates, livestock, metals, softs and stock indices. The following were the primary trading risk exposures of the Partnership at June 30, 2015 , by market sector: Agricultural (grains, livestock and softs) – The Partnership’s primary exposure is to agricultural price movements which are often directly affected by severe or unexpected weather conditions as well as supply and demand factors. Currencies – Exchange rate risk is a principal market exposure of the Partnership. The Partnership’s currency exposure is to exchange rate fluctuations, primarily fluctuations which disrupt the historical pricing relationships between different currencies and currency pairs. The fluctuations are influenced by interest rate changes, as well as political and general economic conditions. The Partnership trades in a large number of currencies, including cross-rates—e.g., positions between two currencies other than the U.S. dollar. Energies – The Partnership’s primary energy market exposure is to gas and oil price movements often resulting from political developments in the oil producing countries and economic conditions worldwide. Energy prices are volatile and substantial profits and losses have been and are expected to continue to be experienced in this market. Interest rates – Interest rate movements directly affect the price of the sovereign bond futures positions held by the Partnership and indirectly the value of its stock index and currency positions. Interest rate movements in one country, as well as relative interest rate movements between countries, may materially impact the Partnership’s profitability. The Partnership’s primary interest rate exposure is to interest rate fluctuations in countries or regions, including Australia, Canada, Japan, Switzerland, the United Kingdom, the U.S. and the Eurozone. However, the Partnership also may take positions in futures contracts on the government debt of other nations. The General Partner anticipates that interest rates in these industrialized countries or areas, both long-term and short-term, will remain the primary interest rate market exposure of the Partnership for the foreseeable future. Metals – The Partnership’s metals market exposure is to fluctuations in the price of aluminum, copper, gold, lead, nickel, platinum, silver, tin and zinc. Stock indices – The Partnership’s equity exposure, through stock index futures, is to equity price risk in the major industrialized countries, as well as other countries. The Derivatives and Hedging topic of the Codification requires entities to recognize in the Statements of Financial Condition all derivative contracts as assets or liabilities. Fair values of futures and forward currency contracts in an asset position by counterparty are recorded in the Statements of Financial Condition as “Net unrealized appreciation on open futures and forward currency contracts.” Fair values of futures and forward currency contracts in a liability position by counterparty are recorded in the Statements of Financial Condition as “Net unrealized depreciation on open futures and forward currency contracts.” The Partnership’s policy regarding fair value measurement is discussed in the Fair Value and Disclosures note, contained herein. Since the derivatives held or sold by the Partnership are for speculative trading purposes, the derivative instruments are not designated as hedging instruments under the provisions of the Derivatives and Hedging guidance. Accordingly, all realized gains and losses, as well as any change in net unrealized gains or losses on open positions from the preceding period, are recognized as part of the Partnership’s trading gains and losses in the Statements of Operations. The following tables present the fair value of open futures and forward currency contracts, held long or sold short, at June 30, 2015 and December 31, 2014 . Fair value is presented on a gross basis even though the contracts are subject to master netting agreements and qualify for net presentation in the Statements of Financial Condition. Fair Value of Futures and Forward Currency Contracts at June 30, 2015 Net Unrealized Fair Value - Long Positions Fair Value - Short Positions Gain (Loss) on Sector Gains Losses Gains Losses Open Positions Futures contracts: Energies $ $ $ $ $ Grains - - Interest rates - Livestock - - - Metals Softs Stock indices Total futures contracts Forward currency contracts Total futures and forward currency contracts $ $ $ $ $ Fair Value of Futures and Forward Currency Contracts at December 31, 2014 Net Unrealized Fair Value - Long Positions Fair Value - Short Positions Gain (Loss) on Sector Gains Losses Gains Losses Open Positions Futures contracts: Energies $ - $ - $ $ $ Grains - - Interest rates - Livestock - Metals Softs Stock indices Total futures contracts Forward currency contracts Total futures and forward currency contracts $ $ $ $ $ The effect of trading futures and forward currency contracts is represented on the Statements of Operations for the three and six months ended June 30, 2015 and 2014 as “Net realized gains (losses) on closed positions: Futures and forward currency contracts” and “Net change in unrealized: Futures and forward currency contracts.” These trading gains and losses are detailed below. Trading gains (losses) of futures and forward currency contracts for the three and six months ended June 30, 2015 and 2014 Sector Three months ended: June 30, 2015 Three months ended: June 30, 2014 Six months ended: June 30, 2015 Six months ended: June 30, 2014 Futures contracts: Energies $ $ $ $ Grains Interest rates Livestock Metals Softs Stock indices Total futures contracts Forward currency contracts Total futures and forward currency contracts $ $ $ $ The following table presents average notional value by sector of open futures and forward currency contracts for the six months ended June 30, 2015 and 2014 in U.S. dollars. The Partnership’s average net asset value for the six months ended June 30, 2015 and 2014 was approximately $135,000,000 and $119,000,000 , respectively. Average notional value by sector of futures and forward currency contracts for the six months ended June 30, 2015 and 2014 2015 2014 Sector Long positions Short positions Long positions Short positions Futures contracts: Energies $ $ $ $ Grains Interest rates Livestock Metals Softs Stock indices Total futures contracts Forward currency contracts Total futures and forward currency contracts $ $ $ $ Notional values in the interest rate sector were calculated by converting the notional value in local currency of open interest rate futures positions with maturities less than 10 years to 10 -year equivalent fixed income instruments and translated to U.S. dollars at June 30, 2015 and 2014 . The 10-year note is often used as a benchmark for many types of fixed-income instruments and the General Partner believes it is a more meaningful representation of notional values of the Partnership’s open interest rate positions. The customer agreements between the Partnership, the futures clearing brokers, including Deutsche Bank Securities Inc. (a wholly-owned subsidiary of Deutsche Bank AG), and J.P. Morgan Securities LLC., as well as the FX prime broker, Deutsche Bank AG, and the swap dealer, Morgan Stanley & Co., LLC, give the Partnership the legal right to net unrealized gains and losses on open futures and foreign currency contracts. The Partnership netted, for financial reporting purposes, the unrealized gains and losses on open futures and forward currency contracts on the Statements of Financial Condition as the criteria under ASC 210-20, “Balance Sheet,” were met. The Partnership ceased clearing trades through Barclays Capital Inc. and Barclays Bank PLC during June 2014 and October 2014, respectively. On January 1, 2013, the Partnership adopted ASU 2011-11, “Disclosure about Offsetting Assets and Liabilities” and ASU 2013-01, “Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities.” ASU 2011-11 and ASU 2013-01 did not have a significant impact on the Partnership’s financial statements. The following tables present gross amounts of assets or liabilities which qualify for offset as presented in the Statements of Financial Condition at June 30, 2015 and December 31, 2014 . Offsetting derivative assets at June 30, 2015 Assets Gross amounts of recognized assets Gross amounts offset in the Statement of Financial Condition Net amounts of assets presented in the Statement of Financial Condition Futures contracts Counterparty D $ $ $ Total futures contracts Forward currency contracts Counterparty G Total assets $ $ $ Liabilities Gross amounts of recognized liabilities Gross amounts offset in the Statement of Financial Condition Net amounts of liabilities presented in the Statement of Financial Condition Futures contracts Counterparty C $ $ $ Total futures contracts Forward currency contracts Counterparty H Total liabilities $ $ $ Amounts Not Offset in the Statement of Financial Condition Counterparty Net amounts of Assets presented in the Statement of Financial Condition Financial Instruments Collateral Received (1)(2) Net Amount (3)(4) Counterparty D $ $ - $ $ - Counterparty G - - Total $ $ - $ $ Amounts Not Offset in the Statement of Financial Condition Counterparty Net amounts of Liabilities presented in the Statement of Financial Condition Financial Instruments Collateral Pledged (1)(2) Net Amount (3)(4) Counterparty C $ $ - $ $ - Counterparty H - - Total $ $ - $ $ - (1) Collateral received includes trades made on exchanges. These trades are subject to central counterparty clearing where settlement is guaranteed by the exchange. Collateral pledged includes both cash and U.S. Treasury notes held at each respective counterparty. (2) Collateral disclosed is limited to an amount not to exceed 100% of the net amount of assets presented in the Statement of Financial Condition, for each respective counterparty. (3) Net amount represents the amount that is subject to loss in the event of a counterparty failure as of June 30, 2015. (4) Net amount represents the amounts owed by the Partnership to each counterparty as of June 30, 2015. Offsetting derivative assets and liabilities at December 31, 2014 Assets Gross amounts of recognized assets Gross amounts offset in the Statement of Financial Condition Net amounts of assets presented in the Statement of Financial Condition Futures contracts Counterparty C $ $ $ Counterparty D Total futures contracts Forward currency contracts Counterparty G Total forward currency contracts Total assets $ $ $ (Continued) Liabilities Gross amounts of recognized liabilities Gross amounts offset in the Statement of Financial Condition Net amounts of liabilities presented in the Statement of Financial Condition Forward currency contracts Counterparty H $ $ $ Total liabilities $ $ $ (Concluded) Amounts Not Offset in the Statement of Financial Condition Counterparty Net amounts of Assets presented in the Statement of Financial Condition Financial Instruments Collateral Received (1)(2) Net Amount (3)(4) Counterparty C $ $ - $ $ - Counterparty D - - Counterparty G - - Total $ $ - $ $ - Amounts Not Offset in the Statement of Financial Condition Counterparty Net amounts of Liabilities presented in the Statement of Financial Condition Financial Instruments Collateral Pledged (1)(2) Net Amount (3)(4) Counterparty H $ $ - $ $ - Total $ $ - $ $ - (1) Collateral received includes trades made on exchanges. These trades are subject to central counterparty clearing where settlement is guaranteed by the exchange. Collateral pledged includes both cash and U.S. Treasury notes held at each respective counterparty. (2) Collateral disclosed is limited to an amount not to exceed 100% of the net amount of assets presented in the Statement of Financial Condition, for each respective counterparty. (3) Net amount represents the amount that is subject to loss in the event of a counterparty failure as of December 31, 2014. (4) Net amount represents the amounts owed by the Partnership to each counterparty as of December 31, 2014. CONCENTRATION OF CREDIT RISK Credit risk is the possibility that a loss may occur due to the failure of a counterparty to perform according to the terms of a contract. Credit risk is normally reduced to the extent that an exchange or clearing organization acts as a counterparty to futures transactions since typically the collective credit of the members of the exchange is pledged to support the financial integrity of the exchange. The General Partner seeks to minimize credit risk primarily by depositing and maintaining the Partnership’s assets at financial institutions and trading counterparties which the General Partner believes to be creditworthy. In addition, for OTC forward currency contracts, the Partnership enters into master netting agreements with its counterparties. Collateral posted at the various counterparties for trading of futures and forward currency contracts includes cash and U.S. Treasury notes. The Partnership’s forward currency trading activities are cleared through Deutsche Bank AG (“DB”) and Morgan Stanley & Co. LLC (“MS”). The Partnership’s concentration of credit risk associated with DB or MS nonperformance includes unrealized gains inherent in such contracts, which are recognized in the Statements of Financial Condition plus the value of margin or collateral held by DB and MS. The amount of such credit risk was $8,953,706 and $6,737,537 at June 30, 2015 and December 31, 2014 , respectively.

Profit Share

Profit Share	6 Months Ended
	Jun. 30, 2015
Profit Share [Abstract]
Profit Share	4. PROFIT SHARE The following table indicates the total profit share earned and accrued during the three and six months ended June 30, 2015 and 2014 . Profit share earned (from Limited Partners’ redemptions) is credited to the New Profit Memo Account as defined in the Partnership’s Agreement of Limited Partnership. Three months ended: June 30, June 30, 2015 2014 Profit share earned $ $ - Reversal of profit share Profit share accrued - Total profit share $ $ Six months ended: June 30, June 30, 2015 2014 Profit share earned $ $ - Profit share accrued - Total profit share $ $

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions	5. RELATED PARTY TRANSACTIONS The Partnership pays administrative expenses for legal, audit and accounting services, up to 0.25 of 1% per annum of the Partnership's average month-end net assets. A portion of such expenses are paid to an affiliate of the General Partner, The Millburn Corporation (“TMC”), for providing accounting services to the Partnership. The following table indicates the portion relating to administrative expenses as well as the portion relating to legal and accounting services provided to the Partnership by TMC during the three and six months ended June 30, 2015 and 2014 . The General Partner pays all administrative expenses in excess of 0.25 of 1% per annum of the Partnership's average month-end net assets. Three Months Ended June 30, 2015 Three Months Ended June 30, 2014 Six Months Ended June 30, 2015 Six Months Ended June 30, 2014 Administrative Expenses $ 84,287 $ 75,580 $ 169,392 $ 148,664 Legal and Accounting Services Provided by TMC $ 53,979 $ 4,259 $ 81,293 $ 41,052 Limited partnership interests (“Interests”) sold through selling agents engaged by the General Partner are generally subject to a 2.5% redemption charge for redemptions made prior to the end of the twelfth month following their sale. All redemption charges will be paid to the General Partner. At June 30, 2015 and December 31, 2014, $0 was owed to the General Partner.

Basis Of Presentation And Sum16

Basis Of Presentation And Summary Of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract]
Basis Of Accounting, Policy	The preparation of financial statements in conformity with accounting principles generally accepted (“U.S. GAAP”) in the United States of America (the “U.S.”), as detailed in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“Codification”), requires management to make estimates and assumptions that affect the amounts and disclosures reported in the financial statements. Actual results could differ from these estimates.
Income Tax Uncertainties, Policy	The Income Taxes topic of the Codification clarifies the accounting for uncertainty in tax positions. This requires that the Partnership recognize in its financial statements the impact of any uncertain tax positions. Based on a review of the Partnership’s open tax years , 2011 to 2014 , Millburn Ridgefield Corporation (the “ General Partner ”) has determined that no reserves for uncertain tax positions were required.

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value [Abstract]
Schedule Of Financial Assets And Liabilities At Fair Value	Financial assets at fair value as of June 30, 2015 Level 1 Level 2 Total U.S. Treasury Notes (1) $ $ - $ Short-Term Money Market Fund* - Exchange-Traded Futures Contracts Energies - Grains - Interest rates - Livestock - Metals - Softs - Stock indices - Total exchange-traded futures contracts - Over-the-Counter Forward Currency Contracts - Total futures and forward currency contracts (2) Total financial assets at fair value $ $ $ Per line item in Statements of Financial Condition (1) Investments in U.S. Treasury notes held in equity trading accounts as collateral $ Investments in U.S. Treasury notes held in custody Total investments in U.S. Treasury notes $ (2) Net unrealized appreciation on open futures and forward currency contracts $ Net unrealized depreciation on open futures and forward currency contracts Total unrealized appreciation on open futures and forward currency contracts $ *The short-term money market fund is included in Cash and Cash Equivalents on the Statements of Financial Condition. Financial assets and liabilities at fair value as of December 31, 2014 Level 1 Level 2 Total U.S. Treasury Notes (1) $ $ - $ Short-Term Money Market Fund* - Exchange-Traded Futures Contracts Energies - Grains - Interest rates - Livestock - Metals - Softs - Stock indices - Total exchange-traded futures contracts - Over-the-Counter Forward Currency Contracts - Total futures and forward currency contracts (2) Total financial assets at fair value $ $ $ Per line item in Statements of Financial Condition (1) Investments in U.S. Treasury notes held in equity trading accounts (as collateral) $ Investments in U.S. Treasury notes Total investments in U.S. Treasury notes $ (2) Net unrealized appreciation on open futures and forward currency contracts $ Net unrealized depreciation on open futures and forward currency contracts Total unrealized appreciation on open futures and forward currency contracts $ *The short-term money market fund is included in Cash and Cash Equivalents on the Statements of Financial Condition.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2015
Derivative Instruments [Abstract]
Schedule Of Fair Value Of Futures And Forward Currency Contracts	Fair Value of Futures and Forward Currency Contracts at June 30, 2015 Net Unrealized Fair Value - Long Positions Fair Value - Short Positions Gain (Loss) on Sector Gains Losses Gains Losses Open Positions Futures contracts: Energies $ $ $ $ $ Grains - - Interest rates - Livestock - - - Metals Softs Stock indices Total futures contracts Forward currency contracts Total futures and forward currency contracts $ $ $ $ $ Fair Value of Futures and Forward Currency Contracts at December 31, 2014 Net Unrealized Fair Value - Long Positions Fair Value - Short Positions Gain (Loss) on Sector Gains Losses Gains Losses Open Positions Futures contracts: Energies $ - $ - $ $ $ Grains - - Interest rates - Livestock - Metals Softs Stock indices Total futures contracts Forward currency contracts Total futures and forward currency contracts $ $ $ $ $
Schedule Of Trading Gains (Losses) Of Futures And Forward Currency Contracts	Trading gains (losses) of futures and forward currency contracts for the three and six months ended June 30, 2015 and 2014 Sector Three months ended: June 30, 2015 Three months ended: June 30, 2014 Six months ended: June 30, 2015 Six months ended: June 30, 2014 Futures contracts: Energies $ $ $ $ Grains Interest rates Livestock Metals Softs Stock indices Total futures contracts Forward currency contracts Total futures and forward currency contracts $ $ $ $
Schedule Of Average Notional Value By Sector Of Futures And Forward Currency Contracts	Average notional value by sector of futures and forward currency contracts for the six months ended June 30, 2015 and 2014 2015 2014 Sector Long positions Short positions Long positions Short positions Futures contracts: Energies $ $ $ $ Grains Interest rates Livestock Metals Softs Stock indices Total futures contracts Forward currency contracts Total futures and forward currency contracts $ $ $ $
Offsetting Of Derivative Assets And Liabilities	Offsetting derivative assets at June 30, 2015 Assets Gross amounts of recognized assets Gross amounts offset in the Statement of Financial Condition Net amounts of assets presented in the Statement of Financial Condition Futures contracts Counterparty D $ $ $ Total futures contracts Forward currency contracts Counterparty G Total assets $ $ $ Liabilities Gross amounts of recognized liabilities Gross amounts offset in the Statement of Financial Condition Net amounts of liabilities presented in the Statement of Financial Condition Futures contracts Counterparty C $ $ $ Total futures contracts Forward currency contracts Counterparty H Total liabilities $ $ $ Amounts Not Offset in the Statement of Financial Condition Counterparty Net amounts of Assets presented in the Statement of Financial Condition Financial Instruments Collateral Received (1)(2) Net Amount (3)(4) Counterparty D $ $ - $ $ - Counterparty G - - Total $ $ - $ $ Amounts Not Offset in the Statement of Financial Condition Counterparty Net amounts of Liabilities presented in the Statement of Financial Condition Financial Instruments Collateral Pledged (1)(2) Net Amount (3)(4) Counterparty C $ $ - $ $ - Counterparty H - - Total $ $ - $ $ - (1) Collateral received includes trades made on exchanges. These trades are subject to central counterparty clearing where settlement is guaranteed by the exchange. Collateral pledged includes both cash and U.S. Treasury notes held at each respective counterparty. (2) Collateral disclosed is limited to an amount not to exceed 100% of the net amount of assets presented in the Statement of Financial Condition, for each respective counterparty. (3) Net amount represents the amount that is subject to loss in the event of a counterparty failure as of June 30, 2015. (4) Net amount represents the amounts owed by the Partnership to each counterparty as of June 30, 2015. Offsetting derivative assets and liabilities at December 31, 2014 Assets Gross amounts of recognized assets Gross amounts offset in the Statement of Financial Condition Net amounts of assets presented in the Statement of Financial Condition Futures contracts Counterparty C $ $ $ Counterparty D Total futures contracts Forward currency contracts Counterparty G Total forward currency contracts Total assets $ $ $ (Continued) Liabilities Gross amounts of recognized liabilities Gross amounts offset in the Statement of Financial Condition Net amounts of liabilities presented in the Statement of Financial Condition Forward currency contracts Counterparty H $ $ $ Total liabilities $ $ $ (Concluded) Amounts Not Offset in the Statement of Financial Condition Counterparty Net amounts of Assets presented in the Statement of Financial Condition Financial Instruments Collateral Received (1)(2) Net Amount (3)(4) Counterparty C $ $ - $ $ - Counterparty D - - Counterparty G - - Total $ $ - $ $ - Amounts Not Offset in the Statement of Financial Condition Counterparty Net amounts of Liabilities presented in the Statement of Financial Condition Financial Instruments Collateral Pledged (1)(2) Net Amount (3)(4) Counterparty H $ $ - $ $ - Total $ $ - $ $ - (1) Collateral received includes trades made on exchanges. These trades are subject to central counterparty clearing where settlement is guaranteed by the exchange. Collateral pledged includes both cash and U.S. Treasury notes held at each respective counterparty. (2) Collateral disclosed is limited to an amount not to exceed 100% of the net amount of assets presented in the Statement of Financial Condition, for each respective counterparty. (3) Net amount represents the amount that is subject to loss in the event of a counterparty failure as of December 31, 2014. (4) Net amount represents the amounts owed by the Partnership to each counterparty as of December 31, 2014.

Profit Share (Tables)

Profit Share (Tables)	6 Months Ended
	Jun. 30, 2015
Profit Share [Abstract]
Schedule Of Profit Share Earned And Accrued	Three months ended: June 30, June 30, 2015 2014 Profit share earned $ $ - Reversal of profit share Profit share accrued - Total profit share $ $ Six months ended: June 30, June 30, 2015 2014 Profit share earned $ $ - Profit share accrued - Total profit share $ $

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Schedule Of Related Party Transactions	Three Months Ended June 30, 2015 Three Months Ended June 30, 2014 Six Months Ended June 30, 2015 Six Months Ended June 30, 2014 Administrative Expenses $ 84,287 $ 75,580 $ 169,392 $ 148,664 Legal and Accounting Services Provided by TMC $ 53,979 $ 4,259 $ 81,293 $ 41,052

Basis Of Presentation And Sum21

Basis Of Presentation And Summary Of Significant Accounting Policies (Details)	6 Months Ended
	Jun. 30, 2015
Tax Year 2011 [Member]
Partnership's open tax years	2,011
Tax Year 2012 [Member]
Partnership's open tax years	2,012
Tax Year 2013 [Member]
Partnership's open tax years	2,013
Tax Year 2014 [Member]
Partnership's open tax years	2,014

Fair Value (Details)

Fair Value (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments in U.S. Treasury notes held in equity trading accounts as collateral	$ 20,091,375	$ 14,499,918
Investments in U.S. Treasury notes held in custody	96,632,622	92,248,350
Total investments in U.S. Treasury notes	116,723,997	106,748,268
Short-term Money Market Fund	12,177,506	18,740,245
Net unrealized appreciation on open futures and forward currency contracts	730,072	1,396,471
Net unrealized depreciation on open futures and forward currency contracts	(402,500)	(355,846)
Total unrealized appreciation on open futures and forward currency contracts	327,572	1,040,625
Total financial assets at fair value	129,229,075	126,529,138
Futures Contracts [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total unrealized appreciation on open futures and forward currency contracts	40,159	1,362,668
Energies [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total unrealized appreciation on open futures and forward currency contracts	38,829	392,983
Grains [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total unrealized appreciation on open futures and forward currency contracts	220,939	(132,128)
Interest Rates [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total unrealized appreciation on open futures and forward currency contracts	609,618	564,508
Livestock [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total unrealized appreciation on open futures and forward currency contracts	73,320	21,360
Metals [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total unrealized appreciation on open futures and forward currency contracts	861,739	(325,106)
Softs [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total unrealized appreciation on open futures and forward currency contracts	53,878	288,037
Stock Indices [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total unrealized appreciation on open futures and forward currency contracts	(1,818,164)	553,014
Forward Currency Contracts [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total unrealized appreciation on open futures and forward currency contracts	287,413	(322,043)
Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total investments in U.S. Treasury notes	116,723,997	106,748,268
Short-term Money Market Fund	12,177,506	18,740,245
Total unrealized appreciation on open futures and forward currency contracts	40,159	1,362,668
Total financial assets at fair value	128,941,662	126,851,181
Level 1 [Member] | Futures Contracts [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total unrealized appreciation on open futures and forward currency contracts	40,159	1,362,668
Level 1 [Member] | Energies [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total unrealized appreciation on open futures and forward currency contracts	38,829	392,983
Level 1 [Member] | Grains [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total unrealized appreciation on open futures and forward currency contracts	220,939	(132,128)
Level 1 [Member] | Interest Rates [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total unrealized appreciation on open futures and forward currency contracts	609,618	564,508
Level 1 [Member] | Livestock [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total unrealized appreciation on open futures and forward currency contracts	73,320	21,360
Level 1 [Member] | Metals [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total unrealized appreciation on open futures and forward currency contracts	861,739	(325,106)
Level 1 [Member] | Softs [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total unrealized appreciation on open futures and forward currency contracts	53,878	288,037
Level 1 [Member] | Stock Indices [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total unrealized appreciation on open futures and forward currency contracts	(1,818,164)	553,014
Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total unrealized appreciation on open futures and forward currency contracts	287,413	(322,043)
Total financial assets at fair value	287,413	(322,043)
Level 2 [Member] | Forward Currency Contracts [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total unrealized appreciation on open futures and forward currency contracts	$ 287,413	$ (322,043)

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Derivative [Line Items]
Partnership's average net asset value	$ 135,000,000	$ 119,000,000
Open interest rate futures, maturity	10 years	10 years
Concentration of credit risk	$ 8,953,706		$ 6,737,537
Maximum [Member]
Derivative [Line Items]
Open interest rate futures, maturity	10 years	10 years

Derivative Instruments (Fair Va

Derivative Instruments (Fair Value Of Futures And Forward Currency Contracts) (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	$ 327,572	$ 1,040,625
Futures Contracts [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	40,159	1,362,668
Energies [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	38,829	392,983
Grains [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	220,939	(132,128)
Interest Rates [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	609,618	564,508
Livestock [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	73,320	21,360
Metals [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	861,739	(325,106)
Softs [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	53,878	288,037
Stock Indices [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	(1,818,164)	553,014
Forward Currency Contracts [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	287,413	(322,043)
Fair Value Long Positions Gains [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	2,459,771	2,230,316
Fair Value Long Positions Gains [Member] | Futures Contracts [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	1,639,271	1,883,301
Fair Value Long Positions Gains [Member] | Energies [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	57,441
Fair Value Long Positions Gains [Member] | Grains [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	578,915	275
Fair Value Long Positions Gains [Member] | Interest Rates [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	822,421	1,143,514
Fair Value Long Positions Gains [Member] | Livestock [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value		1,280
Fair Value Long Positions Gains [Member] | Metals [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	8,988	8,401
Fair Value Long Positions Gains [Member] | Softs [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	54,025	3,120
Fair Value Long Positions Gains [Member] | Stock Indices [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	117,481	726,711
Fair Value Long Positions Gains [Member] | Forward Currency Contracts [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	820,500	347,015
Fair Value Long Positions Losses [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	(4,154,102)	(3,065,242)
Fair Value Long Positions Losses [Member] | Futures Contracts [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	(3,307,509)	(1,822,717)
Fair Value Long Positions Losses [Member] | Energies [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	(15,761)
Fair Value Long Positions Losses [Member] | Grains [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value		(132,403)
Fair Value Long Positions Losses [Member] | Interest Rates [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	(190,526)	(458,390)
Fair Value Long Positions Losses [Member] | Livestock [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value		(15,460)
Fair Value Long Positions Losses [Member] | Metals [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	(1,268,655)	(958,460)
Fair Value Long Positions Losses [Member] | Softs [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	(30)	(390)
Fair Value Long Positions Losses [Member] | Stock Indices [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	(1,832,537)	(257,614)
Fair Value Long Positions Losses [Member] | Forward Currency Contracts [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	(846,593)	(1,242,525)
Fair Value Short Positions Gains [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	3,033,422	2,847,725
Fair Value Short Positions Gains [Member] | Futures Contracts [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	2,262,580	1,500,183
Fair Value Short Positions Gains [Member] | Energies [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	10,449	409,768
Fair Value Short Positions Gains [Member] | Livestock [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	73,320	35,540
Fair Value Short Positions Gains [Member] | Metals [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	2,123,529	645,172
Fair Value Short Positions Gains [Member] | Softs [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	54,540	294,048
Fair Value Short Positions Gains [Member] | Stock Indices [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	742	115,655
Fair Value Short Positions Gains [Member] | Forward Currency Contracts [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	770,842	1,347,542
Fair Value Short Positions Losses [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	(1,011,519)	(972,174)
Fair Value Short Positions Losses [Member] | Futures Contracts [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	(554,183)	(198,099)
Fair Value Short Positions Losses [Member] | Energies [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	(13,300)	(16,785)
Fair Value Short Positions Losses [Member] | Grains [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	(357,976)
Fair Value Short Positions Losses [Member] | Interest Rates [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	(22,277)	(120,616)
Fair Value Short Positions Losses [Member] | Metals [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	(2,123)	(20,219)
Fair Value Short Positions Losses [Member] | Softs [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	(54,657)	(8,741)
Fair Value Short Positions Losses [Member] | Stock Indices [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	(103,850)	(31,738)
Fair Value Short Positions Losses [Member] | Forward Currency Contracts [Member]
Derivative [Line Items]
Futures and forward currency contracts, Fair Value	$ (457,336)	$ (774,075)

Derivative Instruments (Schedul

Derivative Instruments (Schedule Of Trading Gains (Losses) Of Futures And Forward Currency Contracts) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Derivative [Line Items]
Trading gains (losses) of futures and foward currency contracts	$ (9,906,129)	$ 10,783,898	$ (124,966)	$ 13,673,510
Futures Contracts [Member]
Derivative [Line Items]
Trading gains (losses) of futures and foward currency contracts	(7,374,419)	8,872,114	836,857	11,622,144
Energies [Member]
Derivative [Line Items]
Trading gains (losses) of futures and foward currency contracts	(2,989,877)	769,317	(2,949,993)	1,105,694
Grains [Member]
Derivative [Line Items]
Trading gains (losses) of futures and foward currency contracts	(155,993)	(594,232)	(594,580)	228,221
Interest Rates [Member]
Derivative [Line Items]
Trading gains (losses) of futures and foward currency contracts	(3,831,407)	5,056,773	614,664	8,059,681
Livestock [Member]
Derivative [Line Items]
Trading gains (losses) of futures and foward currency contracts	23,410	175,460	69,980	398,690
Metals [Member]
Derivative [Line Items]
Trading gains (losses) of futures and foward currency contracts	452,840	10,959	492,097	(1,439,866)
Softs [Member]
Derivative [Line Items]
Trading gains (losses) of futures and foward currency contracts	(115,776)	(16,418)	176,093	135,642
Stock Indices [Member]
Derivative [Line Items]
Trading gains (losses) of futures and foward currency contracts	(757,616)	3,470,255	3,028,596	3,134,082
Forward Currency Contracts [Member]
Derivative [Line Items]
Trading gains (losses) of futures and foward currency contracts	$ (2,531,710)	$ 1,911,784	$ (961,823)	$ 2,051,366

Derivative Instruments (Sched26

Derivative Instruments (Schedule Of Average Notional Value By Sector Of Futures And Forward Currency Contracts) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Long Positions [Member]
Derivative [Line Items]
Average notional amount of futures and forward currency contracts	$ 369,527,493	$ 697,718,080
Long Positions [Member] | Futures Contracts [Member]
Derivative [Line Items]
Average notional amount of futures and forward currency contracts	323,383,709	547,746,092
Long Positions [Member] | Energies [Member]
Derivative [Line Items]
Average notional amount of futures and forward currency contracts	1,448,663	43,187,540
Long Positions [Member] | Grains [Member]
Derivative [Line Items]
Average notional amount of futures and forward currency contracts	4,207,213	12,834,349
Long Positions [Member] | Interest Rates [Member]
Derivative [Line Items]
Average notional amount of futures and forward currency contracts	211,081,309	336,815,868
Long Positions [Member] | Livestock [Member]
Derivative [Line Items]
Average notional amount of futures and forward currency contracts	283,487	3,825,823
Long Positions [Member] | Metals [Member]
Derivative [Line Items]
Average notional amount of futures and forward currency contracts	1,132,739	19,597,600
Long Positions [Member] | Softs [Member]
Derivative [Line Items]
Average notional amount of futures and forward currency contracts	725,130	3,518,628
Long Positions [Member] | Stock Indices [Member]
Derivative [Line Items]
Average notional amount of futures and forward currency contracts	104,505,168	127,966,284
Long Positions [Member] | Forward Currency Contracts [Member]
Derivative [Line Items]
Average notional amount of futures and forward currency contracts	46,143,784	149,971,988
Short Positions [Member]
Derivative [Line Items]
Average notional amount of futures and forward currency contracts	105,168,644	68,997,795
Short Positions [Member] | Futures Contracts [Member]
Derivative [Line Items]
Average notional amount of futures and forward currency contracts	56,571,836	56,338,070
Short Positions [Member] | Energies [Member]
Derivative [Line Items]
Average notional amount of futures and forward currency contracts	9,825,926	16,434,889
Short Positions [Member] | Grains [Member]
Derivative [Line Items]
Average notional amount of futures and forward currency contracts	3,424,191	10,423,528
Short Positions [Member] | Interest Rates [Member]
Derivative [Line Items]
Average notional amount of futures and forward currency contracts	18,252,128	16,597,615
Short Positions [Member] | Livestock [Member]
Derivative [Line Items]
Average notional amount of futures and forward currency contracts	815,403	1,863,333
Short Positions [Member] | Metals [Member]
Derivative [Line Items]
Average notional amount of futures and forward currency contracts	16,090,270	6,694,788
Short Positions [Member] | Softs [Member]
Derivative [Line Items]
Average notional amount of futures and forward currency contracts	3,439,708	3,285,744
Short Positions [Member] | Stock Indices [Member]
Derivative [Line Items]
Average notional amount of futures and forward currency contracts	4,724,210	1,038,173
Short Positions [Member] | Forward Currency Contracts [Member]
Derivative [Line Items]
Average notional amount of futures and forward currency contracts	$ 48,596,808	$ 12,659,725

Derivative Instruments (Offsett

Derivative Instruments (Offsetting Derivative Assets) (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Offsetting Assets [Line Items]
Gross amounts of recognized assets	$ 4,140,934	$ 3,949,712
Gross amounts offset in the Statement of Financial Condition	(3,410,862)	(2,553,241)
Net amounts of assets presented in the Statement of Financial Condition	$ 730,072	$ 1,396,471
Financial Instruments
Collateral Received	$ (335,475)	$ (1,396,471)
Net Amount	394,597
Counterparty C [Member]
Offsetting Assets [Line Items]
Net amounts of assets presented in the Statement of Financial Condition		$ 1,268,033
Financial Instruments
Collateral Received		$ (1,268,033)
Net Amount
Counterparty D [Member]
Offsetting Assets [Line Items]
Net amounts of assets presented in the Statement of Financial Condition	$ 335,475	$ 94,635
Financial Instruments
Collateral Received	$ (335,475)	$ (94,635)
Net Amount
Counterparty G [Member]
Offsetting Assets [Line Items]
Net amounts of assets presented in the Statement of Financial Condition	$ 394,597	$ 33,803
Financial Instruments
Collateral Received		$ (33,803)
Net Amount	$ 394,597
Futures Contracts [Member]
Offsetting Assets [Line Items]
Gross amounts of recognized assets	2,915,592	$ 3,383,484
Gross amounts offset in the Statement of Financial Condition	(2,580,117)	(2,020,816)
Net amounts of assets presented in the Statement of Financial Condition	335,475	1,362,668
Futures Contracts [Member] | Counterparty C [Member]
Offsetting Assets [Line Items]
Gross amounts of recognized assets		1,755,738
Gross amounts offset in the Statement of Financial Condition		(487,705)
Net amounts of assets presented in the Statement of Financial Condition		1,268,033
Futures Contracts [Member] | Counterparty D [Member]
Offsetting Assets [Line Items]
Gross amounts of recognized assets	2,915,592	1,627,746
Gross amounts offset in the Statement of Financial Condition	(2,580,117)	(1,533,111)
Net amounts of assets presented in the Statement of Financial Condition	335,475	94,635
Forward Currency Contracts [Member]
Offsetting Assets [Line Items]
Gross amounts of recognized assets		566,228
Gross amounts offset in the Statement of Financial Condition		(532,425)
Net amounts of assets presented in the Statement of Financial Condition		33,803
Forward Currency Contracts [Member] | Counterparty G [Member]
Offsetting Assets [Line Items]
Gross amounts of recognized assets	1,225,342	566,228
Gross amounts offset in the Statement of Financial Condition	(830,745)	(532,425)
Net amounts of assets presented in the Statement of Financial Condition	$ 394,597	$ 33,803

Derivative Instruments (Offse28

Derivative Instruments (Offsetting Derivative Liabilities) (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Offsetting Liabilities [Line Items]
Gross amounts of recognized liabilities	$ 1,754,759	$ 1,484,175
Gross amounts offset in the Statement of Financial Condition	(1,352,259)	(1,128,329)
Net amounts of liabilities presented in the Statement of Financial Condition	$ 402,500	$ 355,846
Financial Intsruments
Collateral Pledged	$ (402,500)	$ (355,846)
Net Amount
Counterparty C [Member]
Offsetting Liabilities [Line Items]
Net amounts of liabilities presented in the Statement of Financial Condition	$ 295,316
Financial Intsruments
Collateral Pledged	$ (295,316)
Net Amount
Counterparty H [Member]
Offsetting Liabilities [Line Items]
Net amounts of liabilities presented in the Statement of Financial Condition	$ 107,184	$ 355,846
Financial Intsruments
Collateral Pledged	$ (107,184)	$ (355,846)
Net Amount
Futures Contracts [Member]
Offsetting Liabilities [Line Items]
Gross amounts of recognized liabilities	$ 1,281,575
Gross amounts offset in the Statement of Financial Condition	(986,259)
Net amounts of liabilities presented in the Statement of Financial Condition	295,316
Futures Contracts [Member] | Counterparty C [Member]
Offsetting Liabilities [Line Items]
Gross amounts of recognized liabilities	1,281,575
Gross amounts offset in the Statement of Financial Condition	(986,259)
Net amounts of liabilities presented in the Statement of Financial Condition	295,316
Forward Currency Contracts [Member] | Counterparty H [Member]
Offsetting Liabilities [Line Items]
Gross amounts of recognized liabilities	473,184	$ 1,484,175
Gross amounts offset in the Statement of Financial Condition	(366,000)	(1,128,329)
Net amounts of liabilities presented in the Statement of Financial Condition	$ 107,184	$ 355,846

Profit Share (Details)

Profit Share (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Profit Share [Abstract]
Profit share earned	$ 3,109		$ 4,203
Reversal of profit share	(578,058)	$ (1,829)
Profit share accrued		35,531	4,203	$ 35,531
Total profit share	$ (574,949)	$ 33,702	$ 4,203	$ 35,531

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Payment of administrative expenses for legal, audit and accounting services of Partnership’s average month-end assets, per annum, percentage	0.25%
Partnership's average month-end net assets allocated for payment of administrative expenses for legal, audit and accounting services, per annum, percentage	1.00%
Redemption amount owed to general partner	$ 0	$ 0
General Partner [Member]
Related Party Transaction [Line Items]
Payment of administrative expenses for legal, audit and accounting services of Partnership’s average month-end assets, per annum, percentage	0.25%
Partnership's average month-end net assets allocated for payment of administrative expenses for legal, audit and accounting services, per annum, percentage	1.00%
Redemption charge for redemptions, percentage	2.50%

Related Party Transactions (Sch

Related Party Transactions (Schedule Of Related Party Transactions) (Details) - TMC - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Related Party Transaction [Line Items]
Administrative Expenses	$ 84,287	$ 75,580	$ 169,392	$ 148,664
Legal and Accounting Services, provided by TMC	$ 53,979	$ 4,259	$ 81,293	$ 41,052